Sprint Backtesting

S -- USA Stock  

USD 6.82  0.02  0.29%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Sprint Corporation and determine expected loss or profit from investing in Sprint over given investment horizon. Also please take a look at Sprint Hype Analysis, Sprint Correlation, Sprint Valuation, Sprint Volatility as well as analyze Sprint Alpha and Beta and Sprint Performance.
Horizon     30 Days    Login   to change

Sprint 'What if' Analysis

June 22, 2019
No Change 0.00  0.0%
In 2 months and 2 days
August 21, 2019
If you would invest  0.00  in Sprint on June 22, 2019 and sell it all today you would earn a total of 0.00 from holding Sprint Corporation or generate 0.0% return on investment in Sprint over 60 days. Sprint is related to or competes with UTStarcom Holdings, ATT, Verizon Communications, Telephone, Zayo Group, and Liberty Broadband. Sprint Corporation, together with its subsidiaries, provides a range of wireless and wireline communications products an...

Sprint Upside/Downside Indicators

Information Ratio(0.037843)
Maximum Drawdown13.89
Value At Risk(3.95)
Potential Upside4.68

Sprint Market Premium Indicators

Risk Adjusted Performance(0.041615)
Jensen Alpha(0.13)
Total Risk Alpha0.0035
Treynor Ratio(0.26)

Sprint Backtested Returns

We consider Sprint risky. Sprint owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0105 which indicates the firm had 0.0105% of return per unit of risk over the last 2 months. Our philosophy towards measuring volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Sprint Corporation which you can use to evaluate future volatility of the company. Please validate Sprint Risk Adjusted Performance of (0.041615) and Coefficient Of Variation of (1,898) to confirm if risk estimate we provide are consistent with the epected return of 0.0283%. The entity has beta of 0.6322 which indicates as returns on market increase, Sprint returns are expected to increase less than the market. However during bear market, the loss on holding Sprint will be expected to be smaller as well. Although it is extremely important to respect Sprint current price movements, it is better to be realistic regarding the information on equity historical returns. The philosophy towards measuring future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By inspecting Sprint technical indicators you can presently evaluate if the expected return of 0.0283% will be sustainable into the future. Sprint right now has a risk of 2.6999%. Please validate Sprint Total Risk Alpha, Downside Variance as well as the relationship between Downside Variance and Daily Balance Of Power to decide if Sprint will be following its existing price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.78) 
correlation synergy

Almost perfect reverse predictability

Sprint Corporation has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Sprint time series from June 22, 2019 to July 22, 2019 and July 22, 2019 to August 21, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sprint price movement. The serial correlation of -0.78 indicates that around 78.0% of current Sprint price fluctuation can be explain by its past prices. Given that Sprint Corporation has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Sprint for similar time interval.
Correlation Coefficient-0.78
Spearman Rank Test-0.08
Residual Average0.0
Price Variance0.15

Sprint lagged returns against current returns

 Current and Lagged Values 

Sprint regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Sprint Lagged Returns

 Regressed Prices 

Current Sentiment - S

Sprint Investor Sentiment

Most of Macroaxis users are at this time bullish on Sprint Corporation. What is your outlook on investing in Sprint Corporation? Are you bullish or bearish?
98% Bullish
2% Bearish

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Also please take a look at Sprint Hype Analysis, Sprint Correlation, Sprint Valuation, Sprint Volatility as well as analyze Sprint Alpha and Beta and Sprint Performance. Please also try Fundamentals Matrix module to view fundamentals matrix and analyze how accounts are interrelated and interconnected with each other.
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